The Karnataka capital Bangalore has once again emerged as the city with the largest office space absorption, with the IT (Information Technology) and ITeS (Information Technology enabled Services) sector ruling the roster.
According to research firm Knight Frank's repor…
Flat buyers considering legal action on realty companies after CCI penality on DLF
The order of the CCI (Competition Commission of India) against the real estate company DLF, flat buyers hit by project delays and sudden change in building plans are considering legal action either through the CCI.
Lawyers in Chennai, Delhi, Mumbai, Bangalore and Kolkata h…
More than 10 Lakh insurance agents quits in 2010-11
In India More than 10 lakh insurance agents quit the profession in fiscal 2010-11 as new rules on sale of Ulips made it unviable to remain in business. Data compiled by IRDA for the first time on addition and deletion of agents in any year showed the number of agents leaving…
Shriram Housing gets license from National Housing Bank
Shriram City Union Finance will shortly foray into the mortgage business through its wholly owned subsidiary, Shriram Housing Finance Ltd. Mr. Sujan Sinha , MD and CEO, Shriram Housing said, "We have just received approval from the National Housing Bank and we will sh…
Spree Hotels plans all India expansion
Bangalore based a start up hospitality venture, Spree Hotels is planning to go pan India by setting up 10 hotels across the country in tier I and II cities in the next 2 years. Mr. Keshav Baljee, MD of Spree Hote l said “We want to launch a total of 10 hotels across the cou…
Bangalore expects 35 more hypermarkets : CB Richard Ellis
According to CB Richard Ellis, an International real estate consultant, Karnataka capital Bangalore is witnessing a big change in its retail stores with a number of hypermarkets getting operational. The city is expected to witness addition of about 35 in 3 to 5 years.
C…
SBI MF: Gold Fund, Minimum Investment Rs. 100
SBI Mutual Fund, has launched 'SBI Gold Fund', an open ended, Fund of Fund to enable the common man to invest systematically in gold.. The NFO (New Fund Offer) open for subscription from August 22, 2011 and close on September 5, 2011. The fund is designed in such a w…
SRS IPO offer price band fixed at Rs. 58-65
The price band of SRS’s IPO (Initial Public offering) has been fixed at Rs. 58-65 a share.
The SRS stands to raise between Rs. 203 Crore and Rs. 227 crore from the this issue, if fully subscribed.
The company proposes to issue up to 3.50 Crore shares of face value Rs. 10 e…
ICICI Bank’s home loan at fixed rate
India's largest private bank ICICI Bank, launched 2 fixed interest rate home loan schemes for its new customers. ICICI Bank said in an statement, ''Home loans can fix the rate for a year at 10.5% for loans of up toRs. 25 lakh, 11% for loans of Rs. 25-75 lakh and …
DLF may pay to more penalty in Gurgaon projects
ndian Real estate giant DLF may have to pay Rs 900 crore extra penalty if the CCI (Competition Commission of India ) finds it guilty of abusing its dominant market position in 3 more projects in Gurgaon.
The CCI stunned the housing market when it slapped a Rs 630 crore fine…
